Google Cloud turns profit for the first time

Google Cloud may be chasing Amazon and Microsoft in the cloud game, but it has something big to boast about after earnings came out today. The company has turned a profit on its cloud unit for the first time since it began reporting cloud income several years ago.
The company reported cloud revenue of $7.4 billion in Q12023, that’s up from $5.8 billion in the year ago period, up 27.5%. But that growth is not the primary news nugget here. The company also reported an operating income loss of $706 million a year ago. This year it reported a $191 million gain. That’s huge for a company that has s

リンク元